among Small Businesses in the UAE
Dubai, UAE – March 29, 2024
Al Dhaheri Jones & Clark (ADJC), a leading consultancy firm based in Dubai, said that the introduction of corporate tax marks a significant milestone in the UAE’s economic development journey and signals a fundamental shift in the business landscape.
The Federal Tax Authority (FTA) started the application of corporate tax, setting the stage for businesses across various sectors to navigate a new regulatory framework. Under these laws, corporations operating within the UAE are now subject to taxation, fostering fiscal transparency and aligning the country with global standards.
ADJC anticipates a surge in demand for accounting and bookkeeping services as businesses adapt to the rules of corporate taxation. The firm stands ready to support organizations in understanding and complying with the new tax regime, leveraging its expertise in financial advisory services and tax consultancy.
“The implementation of corporate tax in the UAE represents a significant paradigm shift for businesses,” remarked a spokesperson for ADJC. “As companies strive to navigate the details of tax compliance, there is a pressing need for expert financial guidance. ADJC is committed to assisting businesses in navigating this transition and ensuring compliance with local tax legislation.”
In accordance with the new regulations, businesses are urged to familiarize themselves with their tax obligations and seek professional assistance to mitigate risks and optimize their tax strategies. ADJC emphasizes the importance of proactive compliance to avoid penalties and maintain a competitive edge in the evolving business landscape.
“As the UAE embraces corporate taxation, ADJC is poised to play a pivotal role in facilitating compliance and driving business success,” stated the spokesperson. “We are committed to empowering organizations with the knowledge and tools they need to thrive in this new era of fiscal responsibility.”
Al Dhaheri Jones & Clark (ADJC) is a Dubai-based consultancy firm specializing in financial and accounting services. With a focus on providing comprehensive solutions to businesses, ADJC offers a wide range of services, including tax consultancy, accounting, and financial planning.
For more information on ADJC’s services and assistance with corporate tax compliance, please visit the website at https://adjc.ae/ or contact the toll-free number 800-ADJC (2352).